I have a question about taxes [View all]

[jwhitesj]

I have a theory about federal taxes and I wanted to see if any economic scholars may be able to point out why my thinking is right or wrong.

1) Federal taxes are not necessary to fund a government that can print it's own money.
I believe this premise has been argued about with modern economic theorist but I believe it to be true.
2) Since taxes are not necessary to fund a government, the only purpose of federal taxes is redistribution of economic resources.
a)This makes talk of a flat tax (which hasn't come up recently) completely stupid because it would be the same as no tax.
b)The only consequence of lowering taxes for the wealthy is to make non-wealthy people more poor in relation to wealthy people.
c)Inflation can be controlled with tax rates because tax is taking money out of the supply keeping inflation down.

I was wondering if anyone can point to any flaws in my thinking. If you think the premise is incorrect or if you think the conclusions are incorrect I would hope I can get a good explanation.

Thanks